Coimbatore: “The indigenous man-made fibres especially polyester fibre, the future engine of growth have been expensive due to the anti-dumping duty levied on basic raw materials especially PTA. In the recent budget, the Government has boldly abolished the anti-dumping duty on PTA thus creating a level laying field. The textile industry especially in Tamil Nadu should grab the opportunities by diversifying into polyester segment to boost exports”, said T.Rajkumar, Chairman, Confederation of Indian Textile Industry (CITI) in a press release on Thursday.
Coimbatore: “The indigenous man-made fibres especially polyester fibre, the future engine of growth have been expensive due to the anti-dumping duty levied on basic raw materials especially PTA. In the recent budget, the Government has boldly abolished the anti-dumping duty on PTA thus creating a level laying field. The textile industry especially in Tamil Nadu should grab the opportunities by diversifying into polyester segment to boost exports”, said T. Rajkumar, Chairman, Confederation of Indian Textile Industry (CITI) in a press release on Thursday.
He apprised that CITI, the National apex body for the textiles & clothing industry had organized an interactive meeting with Ravi Capoor, Secretary, Ministry of Textiles, Government of India in which the office-bearers of 48 textile Associations in South India representing the entire textile value at a private hotel on February 12, 2020.
Citing the challenges faced by the Indian textiles and clothing industry in the aftermath of demonetization, GST implementation, economic slowdown across the globe, US-China trade war and recently the Corona Virus in China, he said that despite a steady growth in the domestic market, the exports got stagnated. There is a 4% negative growth during the last four years. “China has started cutting down its production, outsourcing and created huge space in the international market. This opportunity has been fully exploited by small countries like Bangladesh, Vietnam, etc., and pushed back India into 5th position in the global textile trade from the 2nd position that it had been retaining for several years”, revealed the Chairman of CITI.
He added that while in the global textiles market of cotton and man-made fibre is in the ratio of 30:70, it is the opposite in India - only 20% in the manmade fibre segments due to expensive raw material price.
Thanking the Prime Minister, Union Minister for Textiles and Secretary (Textiles) for the decision of removing the anti-dumping duty levied on PTA, he said that this initiative has enabled the indigenous fibre and filament manufacturers to reduce the price considerably, thereby the huge investments could be utilized for polyester textile manufacturers.
Commending the sustainable initiatives practiced by Tirupur and Coimbatore textile units by implementing zero liquid discharge to protect the environment, by predominantly using non-conventional energy to avoid carbon food print, he advised Tirupur Knitwear Cluster to brand its garments and products under sustainable programme that might fetch much larger margin globally and Government would extend all necessary support to promote the brand.
The Secretary (Textiles) also indicated that the Government would address all the structural issues in its new National Textile Policy that might be announced in a couple of months by making the basic raw materials available at international price, encourage scale of operation by developing 10 mega textile parks with over 1000 acres of land closer to the ports, giving plug and play facilities including the necessary safeguard measures in the labour laws. Ravi Kapoor also indicated addressing the power cost, credit cost and its availability; the government would also make efforts to expedite conclusion of FTAs with EU, UK and other countries to boost the exports.
Rajakumar, Chairman of CITI stated that the Government has identified the textile industry as the thrust area and in real terms Make in India facilities without any imports right from fibre to finished goods, ensures inclusive growth by providing jobs to all skill levels especially the rural masses and women folks. Rajkumar has stated that the Government would also announce a Scheme to set up dedicated textile parks for technical textiles, textile machinery manufacturing with the state-of-the-art technology spares, accessories, parts to promote import substitution thereby reducing the capital cost substantially as India is currently depending on imported technology barring spinning sector. He has said that the Government is also exploring the possibilities of setting up R & D centres with the State-of-the-art facilities for each segment of the textile industry.
On behalf of National apex bodies, Padmashree Dr A Sakthivel, Prem Malik, M.Senthil Kumar, Rakesh Mehra and Ajay Sathana participated in the interactive meeting.
At the end of the session, Ravi Capoor, Secretary (Textiles) and Joint Secretary, Nihar Ranjan Dash participated in the interactive meeting.
Around 200 industrialists representing the entire textile value chain from South India and also the members of National Committee for Textiles and Clothing (NCTC) attended the meeting. office-bearers / representatives of other National apex bodies such as AEPC, TEXPROCIL, PDEXCIL, SRTEPC, AMFII participated in the meet.
He apprised that CITI, the National apex body for the textiles & clothing industry had organized an interactive meeting with Ravi Capoor, Secretary, Ministry of Textiles, Government of India in which the office-bearers of 48 textile Associations in South India representing the entire textile value at a private hotel on February 12, 2020.
Citing the challenges faced by the Indian textiles and clothing industry in the aftermath of demonetization, GST implementation, economic slowdown across the globe, US-China trade war and recently the Corona Virus in China, he said that despite a steady growth in the domestic market, the exports got stagnated. There is a 4% negative growth during the last four years. “China has started cutting down its production, outsourcing and created huge space in the international market. This opportunity has been fully exploited by small countries like Bangladesh, Vietnam, etc., and pushed back India into 5th position in the global textile trade from the 2nd position that it had been retaining for several years”, revealed the Chairman of CITI.
He added that while in the global textiles market of cotton and man-made fibre is in the ratio of 30:70, it is the opposite in India - only 20% in the manmade fibre segments due to expensive raw material price.
Thanking the Prime Minister, Union Minister for Textiles and Secretary (Textiles) for the decision of removing the anti-dumping duty levied on PTA, he said that this initiative has enabled the indigenous fibre and filament manufacturers to reduce the price considerably, thereby the huge investments could be utilized for polyester textile manufacturers.
Commending the sustainable initiatives practiced by Tirupur and Coimbatore textile units by implementing zero liquid discharge to protect the environment, by predominantly using non-conventional energy to avoid carbon food print, he advised Tirupur Knitwear Cluster to brand its garments and products under sustainable programme that might fetch much larger margin globally and Government would extend all necessary support to promote the brand.
The Secretary (Textiles) also indicated that the Government would address all the structural issues in its new National Textile Policy that might be announced in a couple of months by making the basic raw materials available at international price, encourage scale of operation by developing 10 mega textile parks with over 1000 acres of land closer to the ports, giving plug and play facilities including the necessary safeguard measures in the labour laws. Ravi Kapoor also indicated addressing the power cost, credit cost and its availability; the government would also make efforts to expedite conclusion of FTAs with EU, UK and other countries to boost the exports.
Rajakumar, Chairman of CITI stated that the Government has identified the textile industry as the thrust area and in real terms Make in India facilities without any imports right from fibre to finished goods, ensures inclusive growth by providing jobs to all skill levels especially the rural masses and women folks. Rajkumar has stated that the Government would also announce a Scheme to set up dedicated textile parks for technical textiles, textile machinery manufacturing with the state-of-the-art technology spares, accessories, parts to promote import substitution thereby reducing the capital cost substantially as India is currently depending on imported technology barring spinning sector. He has said that the Government is also exploring the possibilities of setting up R & D centres with the State-of-the-art facilities for each segment of the textile industry.
On behalf of National apex bodies, Padmashree Dr A Sakthivel, Prem Malik, M.Senthil Kumar, Rakesh Mehra and Ajay Sathana participated in the interactive meeting.
At the end of the session, Ravi Capoor, Secretary (Textiles) and Joint Secretary, Nihar Ranjan Dash participated in the interactive meeting.
Around 200 industrialists representing the entire textile value chain from South India and also the members of National Committee for Textiles and Clothing (NCTC) attended the meeting. office-bearers / representatives of other National apex bodies such as AEPC, TEXPROCIL, PDEXCIL, SRTEPC, AMFII participated in the meet.